CSICL(SH:601989) Zheng Quan Zhi Xing·2025-09-01 16:27Core Viewpoint - China Shipbuilding Industry Co., Ltd. plans to absorb and merge China Shipbuilding Heavy Industry Co., Ltd. through a share exchange, with the merger approved by the China Securities Regulatory Commission on July 18, 2025 [1] Group 1 - The merger involves China Shipbuilding as the absorbing party and China Heavy Industry as the absorbed party [1] - China Heavy Industry has submitted an application for voluntary delisting to the Shanghai Stock Exchange on August 14, 2025, which was accepted on August 18, 2025 [1][2] - The delisting of China Heavy Industry's A-shares is set for September 5, 2025, and will not enter a delisting transition period due to the voluntary nature of the delisting [2] Group 2 - Shareholders of China Heavy Industry will exchange their shares for A-shares of China Shipbuilding based on the exchange ratio specified in the merger report published on July 19, 2025 [3] - The shares obtained by shareholders will be whole numbers, and any fractional shares will be allocated based on a systematic random distribution method [3] - Investors are advised to pay attention to subsequent announcements from China Shipbuilding regarding the details of the share exchange after the delisting [3]